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5 Cryptotrends of the week: D2T / RIA / IMPT / FTT / SOL

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Dash 2 Trade (D2T)

Hoping to leverage Learn 2 Trade’s 70,000+ members, Dash 2 Trade promises to be the next best social platform for cryptocurrency traders. It will provide trading signals after analyzing the chain data of the most popular cryptocurrencies so you can get ahead of other traders.

Dash 2 Trade will also offer automated trading.

D2T Tab available for pre-order here is important, as it is the platform’s native token and will be required to access all Dash 2 Trade services. Still in the pre-sale phase, over 5.9 million have already been purchased on D2T since its launch a fortnight ago. So if you want to get in on the action, now is the time.

Calvaria (RIA)

Another token in the pre-sale phase is RIA, which is part of the Calvaria ecosystem. Calvaria is a Play-to-earn (P2E) game in which players use cards in the form of NFTs to compete. You can also collect a stack of cards to form a team and place bets with RIA tokens. available for pre-order here.

Although there are many P2E games, Calvaria stands out for its ease of access, even for those who have no experience with online card games. In addition, RIA tokens are highly coveted given the success of the presale, which raised no more than $1.6 million.

IMPT

Indeed, it is presale season, as Project Impact is in the second presale phase. It is also the most ambitious of the three listed here, as it hopes to raise $25.98 million in IMPT tokens by January 31, 2023.

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So far, more than $12.6 million has been raised since October 26, so it looks like the target is not far off and the presale will end fairly quickly.

Perhaps the reason for the interest is due to the platform’s goal of helping to protect and preserve the environment. Impact Project offers IMPT tokens in exchange for carbon offsets for companies and individuals who wish to become carbon neutral. The company will then invest in projects that have been fully audited and proven to be environmentally friendly. More information on the official website here.

FTX Tab (FTT)

This one has been trending this week for the wrong reason, as FTT has fallen more than 85% in value over the past seven days. Investors now fear that the token will crash like UST and LUNA did, leading to further selling pressure.

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It all started when Binance CEO Changpeng Zhao said on Nov. 6 that his company would liquidate all the ITFs in its portfolio. Initially, CZ said the sale would be done in a way that would “minimize the impact on the market,” but investors were already selling ITFs in a hurry.

The turmoil subsided when Binance reached a non-binding agreement to acquire FTX. But by then, FTX customers had already withdrawn $6 billion from the exchange and the exchange was forced to suspend any further cryptocurrency withdrawals. Binance subsequently abandoned its acquisition plans due to irregularities in FTX’s accounts.

Solana (SOL)

Due to the near bankruptcy of FTX Exchange and FTT, all cryptocurrencies linked to Sam Bankman-Fried and his trading company Alameda Research have fallen. SOL is one of these cryptocurrencies, as Alameda Research owns a large number of SOL tokens.

Now that Alameda is having liquidity problems, the company was expected to sell its holdings in SOL. Already 18.77 million SOL tokens have been unlocked and are in circulation, leading to a drop in token value of more than 46% in the last seven days.

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